Schaeffler India stock performance shows positive trend and outperforms sector and Sensex

Schaeffler India, a leading manufacturer of bearings in India, witnessed a positive trend in stock performance on October 14, 2024. The stock gained 3.27% to close at Rs 3985.75 on BSE. This outperformed the sector by 2.06%, indicating strong performance from the company.

Schaeffler India stock is currently rated Hold, according to MarketsMOJO, a leading stock analysis and recommendation platform. This suggests that investors should hold on to their current positions in the stock.

In terms of price action, Schaeffler India has witnessed continuous gains over the last three days, with a total increase of 4.04% during this period. The stock also touched an intraday high of Rs. 3997.3, showing positive price momentum.

When compared to the moving averages, Schaeffler India stock is currently above the 5-day, 20-day, 50-day and 200-day moving averages. However, it is below the 100-day moving average, indicating a mixed trend in the price action.

On the same day, Schaeffler India stock’s performance was also better than that of the Sensex, with a 1-day return of 3.24% compared to 0.66% of the Sensex. In the last month, the stock also outperformed the Sensex with a return of 1.34% while the Sensex returned -1.17%.

Overall, Schaeffler India stock has shown a positive trend in its performance and has outperformed the sector and the Sensex. However, it is currently rated “Hold” by MarketsMOJO, indicating a neutral stance among investors.